Private equity investments for the September quarter halved to about $3.2 billion from a year ago, according to early data from Venture Intelligence. In July-September this year, there were 125 deals worth $3.2 billion while it was $6.5 billion across 224 transactions in the same quarter last year.
On a quarter-on-quarter basis, the deal value was lower by 5 per cent as the April-June quarter of this year had witnessed 135 transactions worth $3.4 billion. PE investments in the first nine months of this year amounted to $10.6 billion across 443 transactions, down 23 per cent compared with $13.8 billion across 594 deals in the same period in 2015.
These figures include venture capital investments, but exclude PE ones in real estate. The number of PE investments worth $100 million or more in the September quarter was 10, the Venture Intelligence analysis showed. The largest announced during July-September was the $300 million raised by Paytm from Taiwan’s Mediatek, China’s Alibaba and VC firm SAIF Partners.